Lenders Accuse IIHL of Delaying Reliance Capital Resolution

Lenders to debt-ridden Reliance Capital Ltd (RCAP) have accused Hinduja Group firm IIHL of employing delaying tactics in the implementation of the resolution plan. The allegations suggest that IIHL's actions are causing a slowdown in the resolution process. However, IIHL has denied these accusations, asserting that it is adhering to due process. The dispute highlights tensions in the ongoing efforts to resolve Reliance Capital's financial difficulties.